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COPYRIGHT © JONES LANG LASALLE IP, INC. 2015. All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means without prior written consent of Jones Lang LaSalle. It is based on material that we believe to be reliable. Whilst every effort has been made to ensure its accuracy, we cannot offer any warranty that it contains no factual errors. We would like to be told of any such errors in order to correct them.
JLL quarterly Logistics and Industrial analysis illustrates the current market condition and examines how it will evolve in the future.www.jll.euAll figures are in sq m / €, based on logistics units >5,000 sq m
For more information
Alexandra Tornow Philip MarsdenEMEA Logistics & Industrial Research Head of EMEA Logistics & Industrial [email protected] [email protected]
Tom WaiteDirector – Capital [email protected]
Nick JonesDirector – Capital [email protected]
34%share
2015 investment expectations kept stable despite growing constraint of prime product
European Logistics & Industrial Capital MarketsQ3 2015
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
25
20
15
10
5
6% share*
10% share*
FY 2015 outlook
Q1-Q3 2015€13.3 bn
* % share on total commercial real estate volumes
Continued strong international capital invested in European logistics & industrial assets
of capital invested in Q1-Q3 2015sourced outside of Europe or globally
29%
Strongest growing investor sources of capital in Q1-Q3 2015 on the 5-year average
… with strong YoY yield movement in Q3 2015 recorded across all markets
77% of total Q1-Q3 investment in the Top 3 markets/regions
Large-size and portfolio transactions continued
in portfolio transactions in Q1-Q3 2015
> = 100 bps
BarcelonaBerlinDublinManchester
75-99 bps
BirminghamDüsseldorfFrankfurtHamburgLyonMunichParis
50-74 bps
Amsterdam
Budapest
StockholmRotterdam
25-49bps
AntwerpBrussels
LeedsLondon
Prague
Warsaw
Moscow+75 bps
10bps QoQ
50bps YoY
COPYRIGHT © JONES LANG LASALLE IP, INC 2015 All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means without prior written consent of Jones Lang LaSalle. It is based on material that we believe to be reliable. Whilst every effort has been made to ensure its accuracy, we cannot offer any warranty that it contains no factual errors. We would like to be told of any such errors in order to correct them.
JLL quarterly Logistics and Industrial analysis illustrates the current market condition and examines how it will evolve in the future.www.joneslanglasalle.eu
For more information
Alexandra TornowEMEA Logistics & Industrial [email protected]
Philip MarsdenHead of EMEA Logistics & [email protected]
Tom WaiteDirector - Capital [email protected]
Nick JonesDirector - Capital [email protected]
Q1-Q3 2015 volumes
52% on 5yr average
92% on 5yr averageNorth America
up nearly 4-times
Nordics
€2.6bn
Germany
€2.6bn
Asia
up 3-times
United Kingdom
€ 5.2bn
€1.4 billionup almost 5-times on Q1-Q3 2014,almost half of the assets located in the UK
Investor demand exceeding prime product drives further yield compression in Q3 2015
6.1%*European primelogistics yield *excl. Moscow
11single assets
> €100 million
Madrid
Milan
Glasgow
UK & Germany lead portfolio activity
